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Naira may weaken to N1,993/$1 – Report

13.11.2024
The naira is forecasted to depreciate to N1,993 against the United States dollar by 2028, posing a significant challenge to Nigeria’s pharmaceutical industry, particularly in importing essential medical devices, a new report by BMI, a Fitch Solutions subsidiary, has revealed. In the report titled “Weak Naira and Structural Challenges to Constrain Nigeria’s Medical Devices Market...
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NNPCL ends N24tn fuel import, buys from Dangote refinery

13.11.2024
The Nigerian National Petroleum Company Limited has stopped importing refined petroleum products and is now off-taking fuel from the Dangote Petroleum Refinery and other local refineries. NNPC’s Group Chief Executive Officer, Mele Kyari, disclosed this on Monday at the ongoing conference of the Nigerian Association of Petroleum Explorationists, which was held in Lagos and themed...
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Global Citizen appoints new MD

13.11.2024
Global Citizen, an international advocacy organisation on a mission to end extreme poverty, has announced the appointment of Ifeoma Chuks-Adizue as the new Managing Director in Africa. A statement noted that Chuks-Adizue will also lead Move Afrika: A Global Citizen Experience, a major initiative to create an international music touring circuit across Africa, promoting investment,...
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NUAAE elects Oyenubi as president

13.11.2024
The Nigeria Union of Agriculture and Allied Employees has moved towards unity and stability with the election of Obafemi Oyenubi as the new National President. The development follows the successful reconciliation of factions within the union, facilitated by veteran union members. According to a statement, the newly constituted national transition committee leadership includes Benco  Ademola...
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Forex crisis crippling small businesses, CPPE, ASSBIFI warn

13.11.2024
The foreign exchange crisis in Nigeria is placing immense pressure on local businesses, particularly small-scale importers, as they battle soaring costs and significant supply chain disruptions. The Centre for the Promotion of Private Enterprise and the Association of Senior Staff of Banks, Insurance, and Financial Institutions warned that the situation was crippling the activities of...
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Police arrest man for aviation fuel theft

13.11.2024
Men of the Nigeria Police Force have apprehended a 46-year-old man, Murtala Abdulahi, for allegedly stealing Aviation Fuel from the airport. Abdulahi was arrested in a Honda saloon car with registration number Lagos GGE 680 EL while conveying 50 jerry cans containing aviation fuel. A statement signed by the Public Relations Officer, Airport Command, CSP...
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Embrace flexible survival strategies, NIMN tells business owners

13.11.2024
The National Institute of Marketing of Nigeria has stated that business owners can better navigate uncertainties and maintain a competitive edge by embracing flexible strategies and rapid response capabilities. It disclosed this at the Annual Public Lecture of the NIMN, Ikeja Chapter, themed ‘Transform Challenges into Strategic Opportunities for Sustainable Success in Volatile Times’, held...
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FAAN reaffirms commitment to safety at airports

13.11.2024
The Federal Airports Authority of Nigeria has reiterated its commitment to safety as the foundation of all airport operations, emphasising its importance in fostering a trusted and secure environment for passengers, employees, and stakeholders. This was contained in a statement made available to the PUNCH on Tuesday. Speaking through the statement, the agency’s Managing Director,...
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Emirates declares $2.8bn half-year profit

13.11.2024
The Emirates Group has reported a $2.8bn profit before tax for the first six months of 2024, describing it as its best-ever half-year financial per­formance. This performance surpassed its profit-before-tax record for the same period last year. A statement by the media con­sultant to the airline in Nigeria stated this is the first financial year...
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Stakeholders seek more gas production in Nigeria

13.11.2024
Stakeholders have identified gas as key to Nigeria’s economic development, seeking more gas production for domestic use. The stakeholders spoke at the just concluded 14th Annual Conference of the Nigeria Liquefied and Compressed Gases Association in Lagos.  At the conference, industry leaders, policymakers and stakeholders explored the transformative role of gas in Nigeria’s economic growth....
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

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Man who asked Tinubu to resign admitted in psychiatric hospital

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The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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